5. Use the following information to answer the question that follows: Annual Sales- Inventory- Accounts Receivable-300,000 1,216,666 250,000 Accounts payable- 150,000 Inventory Turnover sales/ inventory Payable Deferrals Period 365/ accounts payable turnover Accounts payable turnover sales/ accounts payable a. Calculate the Cash Conversion Cycle. (5 Points) b. Why is this ratio important? Explain. (3 Points) c. What steps can be taken to improve the Cash Conversion Cycle? Explain. (4 Points) tte ito nroduet to a customer in Germany